Mortgage advice please

Jaffa_cake

Hi all,

Having recently got divorced of the old thieving scum-bag, I am ready to restart with my new wife.

We have £30,000 savings, and are looking for a loan or mortgage of £30,000.
Aiming for a property of £60,000 that we can fix up together over the next few months and years.

We want the repayments to be no more than 5 years.
I am in my middle 50's and my wife in her early 30's.

I got into bankruptcy, through the actions of the old thieving scum-bag I was married to.

So, with the bankruptcy having it's 8th year anniversary, in February 2014, I have the feelings that a mortgage adviser is the way forward.

We have looked on the various mortgage sites, and see that a £60,000 property, where we deposit £30,000, and loan £30,000 the monthly repayments would be around £540 a month for 60 months (5 years)

Do I just start making phone calls to brokers?
Is that all the first steps need to be?
Or do I approach the lender that have priced £540 a month for 60 months (5 years) for £30,000 loan?


JC

FTB_Doll

Defo a broker specially with the Bankruptcy x

ACG

With the bankruptcy being so old i think you will be fine.
However there are other issues - the amount you want to borrow and the property being so low - also you state the property will need doing up... one thing to note is that the property should be secure, with a working bathroom/kitchen and hot running water.

A broker is probably still the better route but im sure based on what you have said there should be options open to you.